TRU rezoning – Planning for a Community – The Reach

In this episode I will talk about Thompson Rivers University(TRU) and their plans to develop a community on campus.TRU has drawn a lot students to live in Kamloops through their law school, English as Second Language, and Business programs. The university has been in the news recently with an application with regards to rezoning. That application was just approved by the City of Kamloops. The rezoning application is meant to make it easier for TRU and its Trust to market the land within the university to Developers both here in Kamloops and Abroad. The University Trust will take to market different parcels of land with 99 year lease agreements.  After the 99 years are up the land will go back to the trust.  The money generated by these sales will be used to fund University activities like research and student development.  The ultimate goal would be to have a community not unlike the ones that are currently at other post secondary institutions in the province, with both residential and commercial buildings. The first potential development which could break ground as early as next year might be a condo development located behind the old main building. Years from now, depending on market demand, there might be as many as 3500 residential units within the university. The master plan for the development can viewed here at this website.  If you are thinking of buying or selling please feel free to contact me when you are ready to make that move.

Thanks for watching and keep it real in real estate Kamloops!

If you are thinking of Buying or Selling in the Kamloops area.  Get informed.